STOCKWATCH: International Bank of Asia to test HK$2.8

International Bank of Asia (0636) retreated to the lowest level of HK$2.2 after it soared from HK$2 to HK$2.8 in late June. Recently, it rebounded to HK$2.5 and overcame the 10, 20 and 50-day MA lines on a sharply swelling turnover. Expected to test HK$2.8 if it can break through the resistance of HK$2.525 in

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